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Saudi Arabia did not follow the devaluation of the USD against gold, causing the exchange rate with respect to the USD to become 4.14475 riyals in December 1971 and 3.73027 riyals in February 1973. Following the 1970s energy crisis , the riyal was revalued to 3.55001 riyals per US dollar in August 1973.
This is the map and list of Asian countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in US Dollar.
Saudi Arabia Turkmenistan United Arab Emirates Cabo Verde Comoros Denmark São Tomé and Príncipe ; WAEMU Benin Burkina Faso Côte d'Ivoire Guinea-Bissau Mali Niger Senegal Togo ; CEMAC Cameroon Central African Republic Chad
Present currency ISO 4217 code Country or dependency (administrating country) Currency symbol Saudi riyal [1]: SAR Saudi Arabia [2]Algerian dinar: DZD Algeria دج (Arabic) or DA (Latin)
Fixed currency (alphabetical order) Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin
Japan's reserves are diversified and consist of a mix of foreign currency assets (such as US dollars, euros, and other major currencies), government bonds, gold, and Special Drawing Rights (SDRs) from the International Monetary Fund (IMF).
In December 2018, Saudi Arabia announced it would be issuing bonds worth approximately 120 billion riyals ($32 billion) to cover its 4.2% GDP deficit of 131 billion riyals. [57] In January 2019, the kingdom sold bonds worth $7.5 billion. [ 58 ]
In practice, it is fixed at $1 USD = 0.376 BHD, which translates to approximately 1 BHD = US$2.65957 [1] and, consequently, just over 9.9734 Saudi Arabian riyals.